The president of Panama, José Raúl Molino, threatened on Tuesday to veto EU companies from future tenders in his country if the European bloc does not remove him from its list of tax havens. “Panama will not allow any country that keeps us on that list to participate in the international tenders that we have from next […]
The province of Chiriquí has been distinguished among the 10 “Best Regions in the World” to visit in 2025 by the prestigious Lonely Planet Best in Travel awards. The choice, made by editors, collaborators and experts of the publication, highlights the unique experiences of the region and its commitment to sustainable tourism. Chiriquí offers a […]
Fitch Ratings has revised the outlook on the operating environment (OE) score for Panamanian banks to Stable from Negative and affirmed the OE score at ‘bb+’. The challenges faced by the Panamanian banking system have been easing gradually, with credit growth, asset quality and profitability metrics performing better than expected. The improved business conditions are […]
Citi structured a Commercial Social Loan for US$20 million for Banesco Panama, with the aim of extending productive credits to small and medium-sized enterprises (SMEs) throughout the country and promoting economic growth. This loan is Citi’s first social financing transaction for a Panamanian financial institution and is part of its international commercial credit offering. The […]
The granting of four new licenses and the expansion of the Industrial Consortium of the Americas, operator of the Panapark Free Zone, increased the investment in the free zone from US$ 18.3 million to US$29.8 million, during the first 100 days of management of the new Government. The four new licenses, approved by the National […]
Naturgy has decided not to enter the solar panel installation market and, instead, will concentrate its efforts on improving the electricity service in Panama. This decision was communicated to the Panamanian Chamber of Solar Energy, which is active in the promotion of solar energy in the country. To date, Panama has 4,400 photovoltaic installations, of […]
The Minister of Economy and Finance, Felipe Chapman, reported that he will present tomorrow to the Cabinet Council the General Budget of the Republic for 2025, after having been removed for the second time from the Budget Committee. Although he did not specify the exact figure, Chapman said that the budget will increase by approximately […]
The company SGS Panama Control Services will be in charge of auditing the processed and semi-processed material in the mine, specifically the 132 thousand tons of copper concentrate that are currently stored in Minera Panamá facilities, located in the district of Donoso, province of Colón. The Minister of Commerce and Industries, Julio Moltó, announced the endorsement of the contract during […]
The Panama-David-Frontera train, the new Canal expansion plans, the San Miguelito cable car and the drinking water plan for the whole country are some of the projects that generated the greatest interest in the business round that the President of the Republic, José Raúl Mulino, held this Tuesday in Paris, France, with more than 24 […]
The Minister of Commerce and Industry, Julio Moltó, expressed his optimism about the possibility of Panama being accepted as an Associated State in the Southern Common Market (Mercosur) during the December 2024 summit, and stressed that, despite the initial challenges, the progress achieved shows the National Government’s commitment to Latin American integration and the vision […]